Restructuring of Friction Products

Restructuring of Friction Products

In Haldex's nine-month report, which was issued on October 25 this year, it was
announced that a review was to be conducted of the production structure of
Friction Products, a business unit within the Commercial Vehicles Systems (CVS)
division. 

Friction Products is responsible for the manufacture and sale of lining products
for disc brakes and drum brakes in the North American market. Haldex currently
produces these products in a plant in Prattville, Alabama, USA. 

Under the restructuring plan that has now been established, the production of
lining products for drum brakes at the plant in Prattville, will be discontinued
and outsourced to sub-suppliers.  This measure will result in cost savings and
thus increased profitability for the business unit.

Haldex has concluded agreements with a number of suppliers whose production is
located in low cost countries. Haldex has implemented a quality-assurance
program with these suppliers to ensure that their quality will meet or exceed
the current standards. Lining products for drum brakes are mainly sold to the
North American aftermarket. CVSs North American sales organization will continue
to provide sales and technical support for friction products. Production will be
relocated to sub-suppliers during the first quarter of 2008. 

Approximately 75 - 85 employees will be affected by the changes.

With respect to the operations that produce lining products for disc brakes,
which mainly focus on the North American OEM market, various strategic
alternatives are currently being evaluated. 

The related costs are estimated at SEK 50 M and pertain primarily to an
impairment loss on production equipment and costs resulting from the lay-off of
personnel. The repayment period is estimated at one year.


For additional information, please contact Joakim Olsson, President and Group
CEO, phone. +46 8 545 049 52 or +46 70 545 86 54 or Stefan Johansson, CFO,
phone. +46 8 545 049 52 or +46 70 224 24 01.

Haldex (www.haldex.com), headquartered in Stockholm, Sweden, is a provider of
proprietary and innovative solutions to the global vehicle industry, with focus
on products in vehicles that enhance safety, environment and vehicle dynamics.
Haldex is listed on the Stockholm Stock Exchange and has annual sales of nearly
8 billion SEK with 6,000 employees.


Haldex discloses the information in this press release according to the Swedish
Securities Market Act and/or the Swedish Financial Trading Act. The information
was provided for public release on Tuesday, 18 December 2007.